• Off-payroll working rules get green light for April

    Off-payroll working rules get green light for April

    The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020. The introduction of the off-payroll rules, which are known as IR35 and have applied to the public sector since 2017, has been under review. The review has now concluded and the changes will go […]

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  • Minimum Wage: Government to name & shame

    Minimum Wage: Government to name & shame

    The UK government has reintroduced the naming and shaming of employers who fail to pay their employees the National Minimum Wage (NMW) or the National Living Wage (NLW). The government has also increased the threshold for naming employers. Therefore, the firms owing arrears over £500 in NMW payments to their workforces will now be named. […]

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  • IR35 enforcement: Will not be ‘heavy handed’ Chancellor states
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    IR35 enforcement: Will not be ‘heavy handed’ Chancellor states

    Chancellor Rishi Sunak has promised that penalties for IR35 breaches will not be ‘heavy handed’ during the first year of the implementation of off-payroll rules to the private sector. Mr Sunak told business leaders in Birmingham that there will be a soft-landing penalty period. Whereby HMRC will allow organisations to adjust to new measures. From […]

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  • Flooding Victims: Government pledges additional financial support

    Flooding Victims: Government pledges additional financial support

    The government has pledged thousands of pounds in additional financial support for flooding victims of the recent events. Businesses in England affected by the floods will be eligible for 100% business rates relief for at least three months, the government announced. It also stated that small and medium-sized enterprises (SMEs) that have experienced severe, uninsurable […]

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  • UK fast becoming a cashless society, says report
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    UK fast becoming a cashless society, says report

    The UK will become a cashless society with the next 15 years unless the government takes action, according to the Access to Cash Review. The Review, which published its final report a year ago. Has said action is needed to protect cash for as long as people need it. However, 12 months on issues with […]

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  • Chancellor of the Exchequer: Rishi Sunak appointed

    Chancellor of the Exchequer: Rishi Sunak appointed

    Rishi Sunak has been appointed as Chancellor of the Exchequer following the surprise resignation of Sajid Javid on 13 February. Former Home Secretary Sajid Javid was appointed Chancellor by Boris Johnson when he became Prime Minister in July. The resignation comes in the wake of rumours of tensions between Mr Javid and the Prime Minister’s […]

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  • CBI publishes 2020 Budget wishlist

    CBI publishes 2020 Budget wishlist

    The Confederation of British Industry (CBI) has published its wishlist ahead of the 2020 Budget, which will be delivered on Wednesday 11 March. In its wishlist, the business group has called for the government to use the 2020 Budget to launch a comprehensive review into the UK’s business rates system. The CBI also urged the […]

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  • HMRC announces off-payroll changes will not be applied retrospectively
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    HMRC announces off-payroll changes will not be applied retrospectively

    HMRC has announced that changes to the off-payroll rules will only apply to payments made for services provided on or after 6 April 2020. The announcement comes ahead of the publication of the government’s review into the expansion of the off-payroll rules into the private sector. In 2017, HMRC introduced new off-payroll rules to the public […]

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  • National Insurance Contributions: Threshold raised
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    National Insurance Contributions: Threshold raised

    The Chancellor of the Exchequer, Sajid Javid, has raised the threshold at which taxpayers start to pay national insurance contributions (NICs) to £9,500 a year. The change will apply for the 2020/21 tax year beginning this April. Moving the government closer to its target of a £12,500 threshold for national insurance contributions. Furthermore, this would […]

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  • Off-Payroll Reforms: HMRC publishes secondary draft legislation

    Off-Payroll Reforms: HMRC publishes secondary draft legislation

    HMRC has now published draft secondary legislation for the off-payroll working rules. These are due to come into force in April this year. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income cut significantly. HMRC also shifted the responsibility for compliance from individual contractors to public bodies […]

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